Share Price and Basic Stock Data
Last Updated: November 18, 2025, 7:34 pm
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
ESAF Small Finance Bank Ltd, operating in the private sector finance industry, reported a current stock price of ₹28.5 and a market capitalization of ₹1,467 Cr. The bank has shown a notable increase in revenue, with total revenues rising from ₹2,854 Cr in FY 2023 to ₹3,819 Cr in FY 2024, reflecting a growth trajectory. For the trailing twelve months (TTM), revenue stood at ₹3,667 Cr. Quarterly revenue data indicates a consistent upward trend, with revenue reaching ₹943 Cr in September 2023 and projected to hit ₹1,002 Cr by March 2024. This revenue growth can be attributed to increased customer deposits, which rose to ₹23,276 Cr in FY 2025, marking a significant increase from ₹14,666 Cr in FY 2023. Such revenue performance positions ESAF favorably against sector norms, where growth rates can vary widely among small finance banks.
Profitability and Efficiency Metrics
ESAF Small Finance Bank’s profitability metrics reflect a challenging environment, as evidenced by a reported net profit of -₹521 Cr for FY 2025, a significant decline from a profit of ₹426 Cr in FY 2024. The bank’s return on equity (ROE) stood at 23.5%, indicating strong profitability relative to equity, despite the negative net profit. The bank’s gross non-performing assets (NPA) ratio was recorded at 6.87% in March 2025, which is higher than the typical sector range, indicating potential asset quality issues that could affect profitability. Furthermore, the cost-to-income ratio was reported at 77.88%, suggesting that operating expenses are consuming a larger proportion of income, which could hinder future profitability. The financing margin, however, improved to 5% in FY 2023 before declining to -28% in FY 2025, showcasing volatility in profitability metrics.
Balance Sheet Strength and Financial Ratios
The balance sheet of ESAF Small Finance Bank reveals a total asset base of ₹27,178 Cr as of March 2025, up from ₹20,224 Cr in FY 2023. The bank’s reserves, however, have decreased to ₹1,434 Cr in FY 2025 from ₹1,977 Cr in FY 2024, highlighting a potential liquidity concern. The bank’s borrowing also decreased to ₹1,406 Cr, suggesting a cautious approach to leverage. Financial ratios indicate a price-to-book value of 0.64, which is below the sector average, potentially making ESAF an attractive investment for value-focused investors. The net interest margin was recorded at 7.54, while the return on assets (ROA) was negative at -1.91%, reflecting the bank’s struggle to generate profit from its assets effectively. Overall, while the balance sheet shows growth in assets, the declining reserves and profitability metrics raise concerns about long-term financial stability.
Shareholding Pattern and Investor Confidence
The shareholding structure of ESAF Small Finance Bank indicates a strong promoter holding of 63.31%, which suggests a stable management presence. Foreign institutional investors (FIIs) accounted for 0.16% of the shareholding, while domestic institutional investors (DIIs) held 5.00%. This low level of foreign investment may reflect caution among international investors regarding the bank’s financial health. The public’s shareholding stood at 31.51%, with the number of shareholders recorded at 116,490, indicating a growing interest from retail investors. However, the decline in DII holdings from 10.98% in December 2023 to 5.00% in March 2025 may signal a lack of confidence among institutional investors amid profitability concerns. This mixed sentiment among shareholders could impact the bank’s stock performance and capital-raising capabilities moving forward.
Outlook, Risks, and Final Insight
The outlook for ESAF Small Finance Bank hinges on its ability to reverse the current trend of declining profitability and manage asset quality effectively. Key strengths include a solid growth trajectory in revenue and a stable promoter shareholding, which may provide a buffer during challenging times. However, significant risks include the high gross NPA ratio and increasing operational costs, which could further erode profitability if not addressed. The bank must also focus on enhancing its capital base to support growth initiatives and improve investor confidence. Strategies to improve asset quality and operational efficiency will be crucial in determining the bank’s future performance. In scenarios where profitability improves and asset quality stabilizes, ESAF may attract more institutional investors, enhancing its market position; conversely, persistent financial challenges could lead to further erosion of investor confidence and financial stability.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of ESAF Small Finance Bank Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Fino Payments Bank Ltd | 2,367 Cr. | 285 | 372/180 | 29.5 | 90.5 | 0.00 % | 6.64 % | 13.3 % | 10.0 |
| ESAF Small Finance Bank Ltd | 1,424 Cr. | 27.6 | 43.0/24.3 | 33.9 | 0.00 % | 4.28 % | 23.5 % | 10.0 | |
| Capital Small Finance Bank Ltd | 1,247 Cr. | 276 | 331/250 | 9.23 | 307 | 1.45 % | 7.04 % | 10.4 % | 10.0 |
| Yes Bank Ltd | 72,132 Cr. | 23.0 | 24.3/16.0 | 25.4 | 15.7 | 0.00 % | 6.36 % | 5.46 % | 2.00 |
| Ujjivan Small Finance Bank Ltd | 10,266 Cr. | 53.0 | 55.2/30.8 | 24.6 | 32.2 | 0.00 % | 8.53 % | 12.4 % | 10.0 |
| Industry Average | 162,562.26 Cr | 416.60 | 18.51 | 241.49 | 0.60% | 6.84% | 11.80% | 6.48 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 690 | 688 | 701 | 774 | 899 | 943 | 974 | 1,002 | 1,022 | 996 | 950 | 892 | 828 |
| Interest | 242 | 251 | 250 | 275 | 313 | 347 | 377 | 411 | 434 | 456 | 463 | 458 | 450 |
| Expenses | 355 | 425 | 481 | 457 | 505 | 487 | 567 | 682 | 619 | 834 | 881 | 820 | 682 |
| Financing Profit | 94 | 12 | -30 | 42 | 81 | 109 | 30 | -91 | -30 | -293 | -394 | -386 | -304 |
| Financing Margin % | 14% | 2% | -4% | 5% | 9% | 12% | 3% | -9% | -3% | -29% | -42% | -43% | -37% |
| Other Income | 48 | 65 | 81 | 94 | 93 | 79 | 120 | 150 | 115 | 39 | 112 | 145 | 195 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 142 | 77 | 51 | 136 | 174 | 188 | 150 | 59 | 85 | -255 | -282 | -241 | -109 |
| Tax % | 25% | 25% | 27% | 26% | 25% | 26% | 25% | 26% | 26% | -25% | -25% | -24% | -26% |
| Net Profit | 106 | 58 | 37 | 101 | 130 | 140 | 112 | 43 | 63 | -190 | -211 | -183 | -81 |
| EPS in Rs | 2.36 | 1.28 | 0.83 | 2.26 | 2.89 | 3.12 | 2.18 | 0.84 | 1.22 | -3.69 | -4.09 | -3.55 | -1.58 |
| Gross NPA % | 6.16% | 8.11% | 7.24% | 2.49% | 1.65% | 2.64% | 4.16% | 4.76% | 6.61% | 6.98% | 6.96% | 6.87% | 7.48% |
| Net NPA % | 3.78% | 4.34% | 3.73% | 1.13% | 0.81% | 1.19% | 2.19% | 2.26% | 3.22% | 2.98% | 2.97% | 2.99% | 3.77% |
Last Updated: August 19, 2025, 3:47 pm
Below is a detailed analysis of the quarterly data for ESAF Small Finance Bank Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Interest, as of Jun 2025, the value is 450.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 458.00 Cr. (Mar 2025) to 450.00 Cr., marking a decrease of 8.00 Cr..
- For Expenses, as of Jun 2025, the value is 682.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 820.00 Cr. (Mar 2025) to 682.00 Cr., marking a decrease of 138.00 Cr..
- For Other Income, as of Jun 2025, the value is 195.00 Cr.. The value appears strong and on an upward trend. It has increased from 145.00 Cr. (Mar 2025) to 195.00 Cr., marking an increase of 50.00 Cr..
- For Depreciation, as of Jun 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
- For Profit before tax, as of Jun 2025, the value is -109.00 Cr.. The value appears strong and on an upward trend. It has increased from -241.00 Cr. (Mar 2025) to -109.00 Cr., marking an increase of 132.00 Cr..
- For Tax %, as of Jun 2025, the value is -26.00%. The value appears to be improving (decreasing) as expected. It has decreased from -24.00% (Mar 2025) to -26.00%, marking a decrease of 2.00%.
- For Net Profit, as of Jun 2025, the value is -81.00 Cr.. The value appears strong and on an upward trend. It has increased from -183.00 Cr. (Mar 2025) to -81.00 Cr., marking an increase of 102.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is -1.58. The value appears strong and on an upward trend. It has increased from -3.55 (Mar 2025) to -1.58, marking an increase of 1.97.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 3:24 am
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 597 | 1,032 | 1,413 | 1,641 | 1,940 | 2,854 | 3,819 | 3,862 | 3,490 |
| Interest | 16 | 315 | 458 | 621 | 720 | 793 | 1,017 | 1,449 | 1,811 | 1,827 |
| Expenses | 31 | 357 | 538 | 646 | 879 | 1,248 | 1,676 | 2,190 | 3,152 | 3,048 |
| Financing Profit | -18 | -75 | 35 | 146 | 43 | -101 | 160 | 180 | -1,101 | -1,385 |
| Financing Margin % | -61% | -13% | 3% | 10% | 3% | -5% | 6% | 5% | -28% | -40% |
| Other Income | 19 | 102 | 109 | 133 | 127 | 208 | 288 | 442 | 467 | 597 |
| Depreciation | 0 | 0 | 17 | 23 | 29 | 33 | 42 | 51 | 59 | 0 |
| Profit before tax | 1 | 27 | 127 | 256 | 141 | 74 | 406 | 570 | -693 | -788 |
| Tax % | 0% | 0% | 29% | 26% | 25% | 26% | 26% | 25% | -25% | |
| Net Profit | 1 | 27 | 90 | 190 | 105 | 55 | 302 | 426 | -521 | -591 |
| EPS in Rs | 0.03 | 0.87 | 2.11 | 4.45 | 2.34 | 1.22 | 6.73 | 8.27 | -10.12 | -11.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 0% |
YoY Net Profit Growth
| Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 2600.00% | 233.33% | 111.11% | -44.74% | -47.62% | 449.09% | 41.06% | -222.30% |
| Change in YoY Net Profit Growth (%) | 0.00% | -2366.67% | -122.22% | -155.85% | -2.88% | 496.71% | -408.03% | -263.36% |
ESAF Small Finance Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.
Growth
Last Updated: September 5, 2025, 3:26 pm
No data available for the Balance Sheet data table.
Cash Flow - No data available for this post.
Financial Efficiency Indicators
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | 8% | 15% | 19% | 9% | 4% | 19% | 20% | -23% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Microcap 250 Index Fund | 142,909 | 0.05 | 0.74 | 142,909 | 2025-04-22 15:56:50 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | -10.13 | 8.96 | 6.73 | 1.22 | 2.46 |
| Diluted EPS (Rs.) | -10.12 | 8.94 | 6.71 | 1.22 | 2.46 |
| Cash EPS (Rs.) | -8.97 | 9.26 | 7.66 | 1.95 | 2.98 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 37.81 | 48.41 | 38.16 | 31.41 | 30.08 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 37.81 | 48.41 | 38.16 | 31.41 | 30.08 |
| Dividend / Share (Rs.) | 0.70 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue / Share (Rs.) | 74.93 | 74.17 | 63.49 | 43.16 | 36.51 |
| Net Profit / Share (Rs.) | -10.12 | 8.27 | 6.73 | 1.22 | 2.34 |
| Interest Income / Employee (Rs.) | 3084840.26 | 6399240.49 | 5668770.36 | 4684678.82 | 4315469.37 |
| Net Profit / Employee (Rs.) | -416445.29 | 713202.11 | 600582.04 | 132170.49 | 277139.10 |
| Business / Employee (Rs.) | 32990664.54 | 63953268.31 | 56793714.74 | 59048725.67 | 45140709.97 |
| Interest Income / Branch (Rs.) | 49075222.36 | 50709519.26 | 40766557.14 | 33737834.78 | 29839509.09 |
| Net Profit / Branches (Rs.) | -6625025.41 | 5651629.48 | 4319042.86 | 951857.39 | 1916290.91 |
| Business / Branches (Rs.) | 524832426.94 | 506785062.42 | 408427942.86 | 425253518.26 | 312127490.91 |
| Net Profit Margin (%) | -13.49 | 11.14 | 10.59 | 2.82 | 6.42 |
| Operating Profit Margin (%) | -20.70 | 15.13 | 14.23 | 4.04 | 10.05 |
| Return On Assets (%) | -1.91 | 1.63 | 1.49 | 0.30 | 0.85 |
| Return On Equity / Networth (%) | -26.75 | 17.07 | 17.62 | 3.87 | 7.79 |
| Net Interest Margin (X) | 7.54 | 9.08 | 9.08 | 6.47 | 7.46 |
| Cost To Income (%) | 77.88 | 58.64 | 57.92 | 63.69 | 60.30 |
| Interest Income / Total Assets (%) | 14.21 | 14.63 | 14.11 | 10.95 | 13.30 |
| Non-Interest Income / Total Assets (%) | 1.71 | 1.69 | 1.42 | 1.17 | 1.02 |
| Operating Profit / Total Assets (%) | -3.63 | -0.06 | 0.07 | -0.86 | -0.16 |
| Operating Expenses / Total Assets (%) | 7.21 | 6.32 | 6.08 | 4.87 | 5.12 |
| Interest Expenses / Total Assets (%) | 6.66 | 5.55 | 5.03 | 4.47 | 5.83 |
| Enterprise Value (Rs.Cr.) | 24595.08 | 24515.80 | 0.00 | 0.00 | 0.00 |
| EV Per Net Sales (X) | 6.37 | 6.42 | 0.00 | 0.00 | 0.00 |
| Price To Book Value (X) | 0.64 | 1.12 | 0.00 | 0.00 | 0.00 |
| Price To Sales (X) | 0.32 | 0.73 | 0.00 | 0.00 | 0.00 |
| Retention Ratios (%) | 106.91 | 100.00 | 100.00 | 100.00 | 100.00 |
| Earnings Yield (X) | -0.41 | 0.15 | 0.00 | 0.00 | 0.00 |
After reviewing the key financial ratios for ESAF Small Finance Bank Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For Basic EPS (Rs.), as of Mar 25, the value is -10.13. This value is below the healthy minimum of 5. It has decreased from 8.96 (Mar 24) to -10.13, marking a decrease of 19.09.
- For Diluted EPS (Rs.), as of Mar 25, the value is -10.12. This value is below the healthy minimum of 5. It has decreased from 8.94 (Mar 24) to -10.12, marking a decrease of 19.06.
- For Cash EPS (Rs.), as of Mar 25, the value is -8.97. This value is below the healthy minimum of 3. It has decreased from 9.26 (Mar 24) to -8.97, marking a decrease of 18.23.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 37.81. It has decreased from 48.41 (Mar 24) to 37.81, marking a decrease of 10.60.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 37.81. It has decreased from 48.41 (Mar 24) to 37.81, marking a decrease of 10.60.
- For Dividend / Share (Rs.), as of Mar 25, the value is 0.70. This value is below the healthy minimum of 1. It has increased from 0.00 (Mar 24) to 0.70, marking an increase of 0.70.
- For Net Profit / Share (Rs.), as of Mar 25, the value is -10.12. This value is below the healthy minimum of 2. It has decreased from 8.27 (Mar 24) to -10.12, marking a decrease of 18.39.
- For Net Profit Margin (%), as of Mar 25, the value is -13.49. This value is below the healthy minimum of 5. It has decreased from 11.14 (Mar 24) to -13.49, marking a decrease of 24.63.
- For Return On Assets (%), as of Mar 25, the value is -1.91. This value is below the healthy minimum of 5. It has decreased from 1.63 (Mar 24) to -1.91, marking a decrease of 3.54.
- For Retention Ratios (%), as of Mar 25, the value is 106.91. This value exceeds the healthy maximum of 70. It has increased from 100.00 (Mar 24) to 106.91, marking an increase of 6.91.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
Unable to fetch valid data for stock valuation.Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in ESAF Small Finance Bank Ltd:
- Net Profit Margin: -13.49%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 0% (Industry Average ROCE: 6.84%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 0% (Industry Average ROE: 11.8%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 0
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 0 (Industry average Stock P/E: 18.51)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: -13.49%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Finance - Banks - Private Sector | Building No.VII/83/8, Thrissur/Trichur Kerala 680651 | investor.relations@esafbank.com http://www.esafbank.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Ravimohan Periyakavil Ramakrishnan | Non Exe. Ind. Part Time Chairman |
| Dr. Kadambelil Paul Thomas | Managing Director & CEO |
| Mr. George K John | Executive Director |
| Dr. Joseph Vadakkekara Antony | Non Executive Director |
| Mr. Biju Varkkey | Ind. Non-Executive Director |
| Mr. Ravi Venkatraman | Ind. Non-Executive Director |
| Mr. Vinod Vijayalekshmi Vasudevan | Ind. Non-Executive Director |
| Mr. Thomas Jacob Kalappila | Ind. Non-Executive Director |
| Mr. John Samuel | Non Exe. & Nominee Director |
| Mr. Ajayan Mangalath Gopalakrishnan Nair | Non Exe. & Nominee Director |
| Mrs. Kolasseril Chandramohanan Ranjani | Ind. Non-Executive Director |